Oil reserves in the US for the week decreased by 0.9%

File Bloomberg

UNITED STATES (VOP TODAY NEWS) — Commercial reserves of oil in the United States, excluding the strategic reserve, for the week ended March 8, decreased by 3.9 million barrels, or 0.9%, to 449.1 million barrels, according to a review of the Energy Information Administration (EIA) of the Ministry of Energy country.

Analysts polled by Reuters expected stocks to grow by 2.9 million barrels, or 0.6%, to 455.8 million barrels.

Oil production in the United States for the week, according to the ministry, amounted to 12 million barrels per day, a decrease of 100 thousand barrels compared with the previous week.

Oil reserves at the country’s largest terminal in Cushing, Oklahoma, decreased by 600 thousand barrels to 46.9 million.

Gasoline inventories decreased by 4.6 million barrels, or 1.8%, to 246.1 million barrels.

A decrease of 2.5 million barrels was expected. Distillate stocks per week, on the contrary, increased by 0.4 million barrels, or 0.3%, reaching 136.4 million barrels. A decline of 1.9 million barrels was predicted.

The strategic oil reserve in the country remained at last week’s level of 649.1 million barrels.

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